"Pending sales of starter homes grew 10.2% year over year in July, reaching their highest level since October 2022, signaling a potential recovery in this market segment."
"Even though the typical U.S. starter home sold for a record-high $250,000 in July, increased inventory helped keep price growth lower compared to luxury and upper-priced homes."
"Inventory of starter homes was up 18.9% year over year, but still 30% less than levels observed in July 2019, indicating ongoing supply challenges."
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